Brokerages Set Strategic Education, Inc. (NASDAQ:STRA) Price Target at $126.00

Strategic Education, Inc. (NASDAQ:STRA) has received an average recommendation of “Buy” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $126.00.

Separately, Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Tuesday, January 21st.

Strategic Education Price Performance

STRA stock opened at $103.46 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62. The firm’s fifty day simple moving average is $96.89 and its 200-day simple moving average is $94.78.

Strategic Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.60 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.32%. Strategic Education’s payout ratio is 45.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in Strategic Education by 19.7% during the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock worth $4,050,000 after acquiring an additional 7,203 shares during the last quarter. JPMorgan Chase & Co. grew its position in Strategic Education by 76.7% during the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Strategic Education by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider’s stock worth $11,164,000 after purchasing an additional 12,437 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Strategic Education in the third quarter worth $702,000. Finally, Charles Schwab Investment Management Inc. raised its position in Strategic Education by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider’s stock valued at $29,035,000 after purchasing an additional 20,389 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.